article thumbnail

Epic Fail: The Appraisal Institute IRS 990s Show They Needs To Do A 180

Miller Samuel

With the significant devaluation of the SRA designation and growing signs of the MAI designation's devaluation, more are coming forward. It is where the BOD gets to vote on Jim Amorin's new contract that the entire board has not seen. Jim Amorin has made $1,725,003 from 2007 to 2019, yet membership has fallen 22.7%

Appraisal 259
article thumbnail

MORE AMORIN INFLUENCE (MAI): The AI National Nominating Committee Design Is Being Attacked By FOJs

Miller Samuel

To all members of the Appraisal Institute: Before I start, I wanted to share what the Appraisal Institute's MAI designation is referred to by many of its members. I find his efforts consistent with the disrespect and lack of attention that residential membership has experienced since the Jim Amorin era began in 2007.

Design 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FHA: Cosmetic vs. MPR Repairs

Appraisal Today

In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Some appraisers feel that lenders should not provide them with the purchase and sale contract. Then that contract does not serve to color, cloud, or otherwise bias a value opinion. percent from 6.57

article thumbnail

Superadequacy Adjustments for Appraisals

Appraisal Today

Have you ever driven closer and closer to your subject and noticed that the homes are much smaller or have standard designs? Licensees have fallen from about 20,000 in 2006-2007 to under 9,000 now. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.83

article thumbnail

How to Find Comps With Few Sales

Appraisal Today

acre lot, built in 2007 The chateau was listed in 2014 for $12.8 But the waterfront building’s more-recent design is rooted in a nautical past. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.06 Excerpts: 8 bedrooms, 7.5+ baths, 12,770 sq.ft.,

article thumbnail

Appraisers and Property Data Collectors

Appraisal Today

The unique design of the house is its most impressive feature,” says listing agent Emma Morris, of Red Oak Realty. You don’t see this type of design every day. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) remained unchanged at 7.61 The architect, Beverley D.

article thumbnail

Will Springer Realtor - Untitled Article

Will Springer Realtor

Homes going under contract (Pending sales) dropped 25% from the previous month and 30% year-on-year (YoY) – staggering drop-offs. As noted earlier, the complaint by Insignia’s owners claims a breach of the Washington Condominium Act, specifically with respect to contracts and warranties. The 1-acre estate includes 6-bedroom, 5.25-baths